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This course aims to equip future managers with the tools of economics that can help them think strategically and make better decisions. The entire course is divided into two parts.
Part 1: The Basics
The first part of the course covers building blocks of managerial economics: supply & demand, theory of the firm, costs and cost curves, profit maximization, firm’s pricing and market structure (perfect competition, monopoly, and oligopoly). It also introduces tools to analyze the welfare associated with market outcomes.
Part 2: Economics of Strategy
The second part of the course discusses a firm’s strategic interactions with rivals in the face of various market structures and market imperfections. It starts with basic game theory to give an insight to the strategic interactions between rival companies in oligopolistic settings. The conditions under which cooperation can take place are also discussed. Then, it moves on to topics related to information economics where information asymmetry plays a key role. Topics include the insurance market where adverse selection is a big problem, and managerial compensation where moral hazard is a major issue. The course concludes with a discussion of firm’s external environment in the current macro-economy.
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This course covers basic topology, meaning of convergence, and continuity.
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This course provides a study of basic medical terminology. It covers a simple method of analyzing medical terms, roots, suffixes, prefixes, and the terms associated with each body system. It also covers basic anatomy and physiology.
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This course analyzes a variety of urban management and policy issues, such as urban economy, land use, environment, housing, and transportation. The course also provides a basic understanding of the city, such as its origin, structure, and functions.
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This course covers fundamental concepts and basic tools of financial economics focusing mainly on investment and partially on financial markets, international finance, and monetary policy. Specific topics include valuing stocks and bonds, risk and return, international financial arbitrage, parity conditions in international finance, financial system, and central banking policy.
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The goals of this course include improving listening comprehension, enhancing leadership capabilities, summarizing and connecting ideas, building vocabulary and expressions, addressing cultural topics, and sharing views/ideas with others.
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This course introduces factors that affect the Earth's climate system, oceans, landforms, and living things. The primary emphasis is on earth’s paleoenvironment, geomorphology, and the study of landforms and processes in different environments. The key landscape characteristics of Asia are covered, along with crucial environmental challenges.
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This course investigates digital trade and related issues, and covers digital trade rules in trade agreements, countries’ digital trade policies, and sharing economy. In addition, it discusses digital platforms such as Google and Netflix and digital divide with its impact on developing countries.
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This course examines the mission and philosophy of psychiatric treatment and rehabilitation, and key implementation issues related to the psychiatric rehabilitation and treatment process.
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This examines the technical aspects of artificial intelligence from an ethical point of view and the many social and economic issues related to it.
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